What is XJ International Holdings Co Current Ratio?
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. XJ International Holdings Co's current ratio for the quarter that ended in Aug. 2023 was 0.44.
XJ International Holdings Co has a current ratio of 0.44. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If XJ International Holdings Co has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for XJ International Holdings Co's Current Ratio or its related term are showing as below:
HKSE:01765'
s Current Ratio Range Over the Past 10 Years
Min: 0.44 Med: 0.72 Max: 1.71
Current: 0.44
During the past 6 years, XJ International Holdings Co's highest Current Ratio was 1.71. The lowest was 0.44. And the median was 0.72.
HKSE:01765's Current Ratio is ranked worse than 87.69% of 268
companies
in the Education industry
Industry Median: 1.29
vs HKSE:01765: 0.44
XJ International Holdings Co Current Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of XJ International Holdings Co's Current Ratio
For the Education & Training Services subindustry, XJ International Holdings Co's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
XJ International Holdings Co's Current Ratio Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, XJ International Holdings Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where XJ International Holdings Co's Current Ratio falls into.
XJ International Holdings Co Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XJ International Holdings Co (HKSE:01765) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
XJ International Holdings Co Current Ratio Related Terms
Thank you for viewing the detailed overview of XJ International Holdings Co's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
XJ International Holdings Co (HKSE:01765) Business Description
Hope Education Group Co Ltd is an investment holding company engaged in providing educational services. The company operates higher educational schools which include universities and junior colleges. Some of its colleges are Southwest Jiaotong University Hope Colleges, Business College of Guizhou University of Finance and Economics, Sichuan TOP IT Vocational Institute, and One Technical College among others. Its operating segments are the Domestic education which is the key revenue generating segment, Global education segment and others. The company generates its revenue from tuition fees, boarding fees, sales of books and daily necessities, and others.
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